Ontario Government – Proposed Amendments to Ontario Regulation 909 of the Pension Benefits Act
Benefits Canada – New Paper Calls for Linking DB Pension Solvency Minimums to Plan Member Age
Canadian Institute of Actuaries – Protecting Pensioners of Traditional Defined Benefit Plans
What people have to say?
I’ve been working with Jason Vary from Actuarial Solutions Inc. for several months in harmonizing the retirement benefits from two legacy organizations that amalgamated in October 2020. Jason was very thoughtful and comprehensive in his analysis but also very methodical and thoughtful in his approach to have all stakeholders participate in this exercise. It’s been a real joy working with Actuarial Solutions Inc. because they work practically and thoughtfully with excellent results.
We relied heavily on the expertise of ASI over the past year, as we revised the DB and DC components of our pension plan. At all times, the advice was comprehensive and well considered. It was extremely helpful to receive insights and suggestions based on both knowing our goals and the best practices of pension plan administration and management. All of the activities were completed on time as promised and through excellent collaboration with other experts (such as lawyers).
Working with Actuarial Solutions was extremely valuable and has helped us immensely with all tasks associated with our pension plan. Through the process, we were able to develop a comprehensive and detailed understanding of all processes and developments related to our plan.
We switched from a multinational service provider to Actuarial Solutions Inc. The level of our service increased immediately and our fees are more reasonable. The ASI team does what they say and says what they do. The one thing that our management team has noticed is how responsive folks from ASI are to our requests. All services are provided on a timely basis and upon an agreed upon schedule. They are very proactive in planning the work to be done for our company and provide us with the appropriate guidance on a timely basis. For a bunch of actuaries, they are pretty fun people. You can see that they enjoy what they do and are very good at it.
Actuarial Solutions provides great service. They are professional, efficient, well organized and always meet their deliverable dates. I highly recommend their services.
I wanted to thank you and your team at Actuarial Solutions again for all your efforts on transitioning from our previous Actuary and preparing the comprehensive Actuarial Valuations for CGT’s OPEB and Pension Guarantee plans. Your professionalism, attention to detail and exceptional customer service is greatly appreciated by the team at CGT. I also wanted to personally thank you for taking the time to walk me through the valuation process in layman’s terms so that I am in a much better position to focus on how CGT may impact the cost to the Company of these plans, especially during our upcoming CLA negotiations.
Thanks again for presenting the results of the actuarial valuation to our Board – the Board was impressed with both the quality of your presentation and ability to convey information to them in a way they could easily comprehend and wanted to extend their appreciation to you.
Our move to ASI a few years ago, frankly started out as a value proposition. However, the real strength, as we’ve found out over time, is the service approach. We get responses on a timely basis and, as importantly, we get communication in a form that is understandable to us non-actuaries. I know that is a model that ASI established but I’d like to point out that both Jason and Dean, as well as your admin staff follow that lead very well.